Parnassus Equity Incme Fund Three Year Return
| PRILX Fund | USD 58.60 0.77 1.33% |
Parnassus Equity Incme fundamentals help investors to digest information that contributes to Parnassus Equity's financial success or failures. It also enables traders to predict the movement of Parnassus Mutual Fund. The fundamental analysis module provides a way to measure Parnassus Equity's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Parnassus Equity mutual fund.
Parnassus |
Parnassus Equity Incme Mutual Fund Three Year Return Analysis
Parnassus Equity's Tree Year Return shows the total annualized return generated from holding a fund or ETFs for the last three years. The return measure includes capital appreciation, losses, dividends paid, and all capital gains distributions. This return indicator is considered by many investors to be solid measures of fund mid-term performance.
More About Three Year Return | All Equity Analysis
Three Year Return | = | (Mean of Monthly Returns - 1) | X | 100% |
Current Parnassus Equity Three Year Return | 6.83 % |
Most of Parnassus Equity's fundamental indicators, such as Three Year Return, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Parnassus Equity Incme is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Although Three Year Fund Return indicator can give a sense of overall fund mid-term potential, it is recommended to compare fund performances against other similar funds, ETFs, or market benchmarks for the same 3 year interval.
| Competition |
Based on the latest financial disclosure, Parnassus Equity Incme has a Three Year Return of 6.83%. This is much higher than that of the Parnassus family and significantly higher than that of the Large Blend category. The three year return for all United States funds is notably lower than that of the firm.
Parnassus Three Year Return Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Parnassus Equity's direct or indirect competition against its Three Year Return to detect undervalued stocks with similar characteristics or determine the mutual funds which would be a good addition to a portfolio. Peer analysis of Parnassus Equity could also be used in its relative valuation, which is a method of valuing Parnassus Equity by comparing valuation metrics of similar companies.Parnassus Equity is currently under evaluation in three year return among similar funds.
Fund Asset Allocation for Parnassus Equity
The fund consists of 98.73% investments in stocks, with the rest of investments allocated between different money market instruments.Asset allocation divides Parnassus Equity's investment portfolio among different asset categories to balance risk and reward by investing in a diversified mix of instruments that align with the investor's goals, risk tolerance, and time horizon. Mutual funds, which pool money from multiple investors to buy a diversified portfolio of securities, use asset allocation strategies to manage the risk and return of their portfolios.
Mutual funds allocate their assets by investing in a diversified portfolio of securities, such as stocks, bonds, cryptocurrencies and cash. The specific mix of these securities is determined by the fund's investment objective and strategy. For example, a stock mutual fund may invest primarily in equities, while a bond mutual fund may invest mainly in fixed-income securities. The fund's manager, responsible for making investment decisions, will buy and sell securities in the fund's portfolio as market conditions and the fund's objectives change.
Parnassus Fundamentals
| Price To Earning | 18.70 X | ||||
| Price To Book | 2.60 X | ||||
| Price To Sales | 1.91 X | ||||
| Total Asset | 14.47 B | ||||
| Annual Yield | 0.01 % | ||||
| Year To Date Return | 4.75 % | ||||
| One Year Return | 20.02 % | ||||
| Three Year Return | 6.83 % | ||||
| Five Year Return | 13.04 % | ||||
| Ten Year Return | 12.90 % | ||||
| Net Asset | 26.97 B | ||||
| Minimum Initial Investment | 100 K | ||||
| Last Dividend Paid | 0.09 | ||||
| Cash Position Weight | 1.27 % | ||||
| Equity Positions Weight | 98.73 % |
About Parnassus Equity Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Parnassus Equity Incme's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Parnassus Equity using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Parnassus Equity Incme based on its fundamental data. In general, a quantitative approach, as applied to this mutual fund, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Parnassus Equity Incme. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.